Ron Paul, Will Rogers and the Tea Party:Great Depression Thinking For Our Times docx

Certainly, the history of the modern central banking system, including our Federal Reserve Bank is the blueprint for understanding the financial world order.. Don't you think it odd that

Ron Paul, Will Rogers and the Tea Party:

Great Depression Thinking For Our Times

byGary Anderson

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Gary Anderson on Smashwords

Copyright © 2011 by Gary Anderson

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Ron Paul, Will Rogers and the Tea Party:

Great Depression Thinking For Our Times

Introduction

The Great Depression was a time that saw the emergence of a great figure, Will Rogers His thought was forceful and single minded about what needed to be done to fix the nation in the aftermath of predatory behavior by international financiers An analysis

of the Tea Party and Ron Paul is made based upon this tradition of Great Depression thinking Similarities and differences abound and make for an important historical analysis.

This ebook reveals the real desires of the TBTF banks and the IMF and the US central bank, the Federal Reserve Citizens must inform themselves as to these motives and desires, which lead to ruin and which were not destroyed by the housing crash of 2007

Certainly, the history of the modern central banking system, including our Federal Reserve Bank is the blueprint for understanding the financial world order Lowering and raising interest rates is not all that the central banks do Exposing the other nefarious activities of the private central banks and discussing how to survive both as individuals and as a nation becomes an important discussion to have While history shows that the sovereignty of nations comes with danger, the abdication of sovereignty brings us into uncharted waters where there is no accountability from world leaders

The analysis of the financial system that follows exposes the financial order and it's impact on sovereign nations then and now; in the Great Depression, in the Great

Recession of the 21st century, as well as moving forward No one has a crystal ball, but more and more, the bankers want to be respected and be your friends While the big bankers are not worthy of respect, nor are they your friends, this motive drives them to strive for more transparency But be assured, the interest of the Fed is to protect the big banks, and main street is not the constituency

This ebook discusses issues regarding Ron Paul, the Tea Party, the TBTF banks and how Will Rogers would have approached these issues in our time and going forward

* * * * *

We Already Have One World Government

On 4/2/2009 British Prime Minister Gordon Brown proclaimed a "New World Order" Let us consider the consequences of this new world order Clearly, the

international bankers created this credit crisis, with their Basel 2 off balance sheet

banking Now the same international bankers are "solving" the crisis with more extension

of credit in their power, bolstered by the IMF, with more efforts to manipulate the stock markets, to proclaim a comeback from the economic abyss, which they created The problem with this is that they are still raiding the treasuries of America and Europe to fill their pockets, when they scammed the middle classes and small investors throughout the world with liar loans, easy money, and toxic investments They made money on the scam and now they are making money through stealing from the taxpayers!

While it is not a tidy one world political government, we have, or are very near having, a one world economic system International bankers control the world This control will increase as other middle classes become more dependent on credit If a person from a third world country thinks that credit cards are a good thing or long for the credit freedom that exists in the United States, don't go down that path Don't become dependent on credit cards Fight the international bankers, the World Trade Organization and stay solvent as a household

Certainly do not bid on housing, do not bid on any commodity If the price is too high go without Rent the commodity, or use a different commodity The pushing up of prices ultimately hurt the consumer who sees his wages stagnate The goal of the

international bankers (through the Council on Foreign Relations in the USA) is the debt control both of individuals and of governments This is a New World Order spoken of by both David Rockefeller and George Bush I

Don't you think it odd that Newt Gingrich and Bill Clinton are both members of the same organization (CFR) that wants to undermine the sovereignty of the United States by consolidating banking power through international banks too big to fail? Certainly, the point man in this war against the consumer by the banker class is Goldman Sachs but there are many other investment banks trading and churning contracts

How did this one world government come to pass?

Leading wealthy families have wanted to stabilize a dangerous world While in and

of itself, that seems like a noble endeavor, the result has also included a powerhouse of economic power that has leverage over governments the world over This leverage

normally was exerted by a financing of government debt This gave international bankers great influence over governments In addition, governments benefited from the free trade, although there are arguments abounding that the United States did not benefit Some have said that our invasion of Iraq for oil was an invasion born out of economic weakness.But bottom line is this world government, which many put their hope in to establish world peace, behaved badly toward US consumers and offered toxic loans that were just plain wrong I am sure George Soros wants peace, and wants a government that usurps the sovereignty from individual nations that have the power to make war However, Mr Soros must also be aware that this one world government is quite capable of stealing from the people and has not proven that it is for "good" in the world So far, this NWO has manifested very bad behavior towards the people of the United States and Europe

* * * * *

So Much for the Sovereignty of Our Nation

I listened to a senator recently on CNBC speak about the Fed and the need to

regulate, audit, etc While I cannot really oppose transparency at the Fed, the real issue is transparency toward the American people The senator went on to say the problem with the economic meltdown and bailout had roots in government and that it was not the fault

of the free enterprise system

However, that is not how I see it Either the government of the United States, when push came to shove, lacked the power or the will to take down the TBTF banks, in what I would say is a remarkable lack of sovereign power All you Austrians and free marketers, who rail at the government, lost your hard-earned dollars in the stock market because the government was not powerful enough to stop the Federal Reserve No president could or would stop the Fed in its allowance of shoddy underwriting that led to the crisis, or stop the Fed from bailing out AIG and the crony European banks

I went to the CNBC website and did a search for "fed private bank" I do not believe

I found one instance in page after page of searching of any reference to the Federal Reserve being a private bank I cannot guarantee that CNBC has never reported the Fed

as a private bank but I seriously doubt it

I went to the MSNBC website where there were no references to the Fed being a private bank, unless you scrolled down to web results where a court case proves that the Fed is a private bank

CNBC is where it really counts CNBC is clearly programmed to never say that the Fed is a private bank How can there be transparency when CNBC, the network's

congressional guests, and network's financial gurus can never say that the Fed is a private bank? This becomes a huge game against the average American from the very start And for the Republican senator to imply that the Fed was a part of government versus the free market system is just not right The Fed is the free enterprise system, as we know it The Fed creates the bubbles and takes down the markets when necessary

The New York Fed is leveraged at the rate of $104 in toxic and non toxic assets to $1 dollar of cash? Will taxpayers one day have to bail out our central bank?

This is really a simple case The American people en masse, need to know that a private bank (the Fed) took their taxpayer money and gave it not only to Goldman Sachs, but also to foreign banks by the billions, including Societe Generale of France, Duetsche Bank of Germany, Barclays of Great Britain and UBS of Switzerland Sorry, but Joe Taxpayer is not responsible for the inability of AIG to write insurance that it could not cover losses on

Fact is the United States of America had no one in power to stop the Fed The Fed did what it wanted to do No one was a there to protect the taxpayer America abdicated sovereignty The country was actually too weak to fight the banks When are people going to realize this? This argument has been diverted by well connected types into the

US being too socialistic and too big government However, when it came to actual

political power our government was not too big, and was not powerful enough to stop the Fed from bailing out the cronies

Along the same lines, I notice CNBC and especially Larry Kudlow bringing up the issue of class warfare Any attack on the banking community according to Larry is class

warfare Well, what kind of warfare gave ponzi loans that the banks knew could not be repaid to the unsuspecting middle classes? What kind of warfare was it that allowed taxpayer money to be stolen to bail out the very banks that wrote loans destined to fail?Don't anyone be fooled! Class warfare came from the top down Warfare made money off the average Joe and hurt him financially That is why it could almost amuse

me, though it is sickening, when people argue that any bank tax is unfair I hear that over and over on CNBC Of course what these shills for big banking don't tell you is that these banks threw all shareholders, including their own, under the bus They owe trillions for pumping up a market with phony paper, only to see it fall and destroy long time savers and elderly middle class folks and the like These banks cannot come close to ever even thinking about repayment for what they really owe

* * * * *

CNBC, Metaprogramming and the Rising Stock Market

I do not claim to be an expert on Tony Robbins and his version of NLP However, I think I am an expert about CNBC as much as I watch that network I wonder if Erin Burnett and her buddies were ordered to use a metaprogram of Neuro-Linguistic

Programming (NLP) or if she just thought it was cute

Come on Erin You are using NLP on your victims Should I say your viewers? That

is not nice Yet, you look so pure and nice Oh well

Lets face it, the fact that Erin Burnett is practicing NLP on investors is in itself very disturbing Not only are the markets manipulated, but also the psychology that CNBC uses is a manipulation based in pseudo science

The psychology is important in that it proves that stock market results cannot stand

on their own Stock market results need the assistance of a phony psychology in order to establish the desired ends of the manipulators While NLP is phony psychology, it is successful as a form of brainwashing or even self-brainwashing

In other words, NLP could reflect reality, or it may not If it does not and you lose your shirt in the stock market, at least you were warned here that methods are being used

on you every day to buy stocks Obviously, the powers that be don't have confidence that you will buy as many stocks as you will by the influence of metaprogramming.

I wonder how many other metaprogramming phrases have been used to get you to part with your money How about "green shoots." How about "poised for recovery." Or how about dredging up the old power of positive thinking? This is just the repackaged version, imposed on high by none other than Ben Bernanke

It is difficult for me to see Ben Bernanke as a snake oil salesman, but come to think

of it, he just may be Look how the stock market keeps going up because he said there were green shoots!

These are a few things that we could take from this lesson in NLP:

1 Green Shoots may not turn into green plants.

2 The power of excess consumption rested with the US consumer That consumer is

wounded and we do not yet have anyone to take his place anywhere else in the world

3 Just because we are "poised for recovery" we cannot conclude that we are

recovering An alcoholic who says he is poised for recovery does not have my

confidence, nor should he have yours

The bottom line, then, is that some of you are being metaprogrammed You are having metaprogramming jammed down your throats, daily But clearly, you don't think that the insiders believe that hogwash do you? If God fearing Goldman (GS) wants to take chips off the table and leave you with major losses it is only money right? It is no sin that they are smarter than you, just because you believed in NLP

But think about it What greater crock of NLP exists in the world than having anyone believe that Goldman Sachs is doing God's work? If you believe it you are indeed smitten with NLP up to your eyeballs Please, get therapy immediately

* * * * *

Phil Gramm's Legacy: McCain's Evil TwinPhil Gramm Took up Where McCain Left off in Banking Criminality

While it is unlikely that Phil Gramm will ever face the music for the alleged crimes

he has committed against mainstreet, that does not mean that we should view this man as good for America In fact, Republican Phil Gramm, along with Democrats, took to a whole new level the raping of America through the manipulation of banking regulation It would be amusing, if not such a dismal result to rank and file Americans, that Gramm seemed to take lessons from his buddy, Presidential candidate John McCain, in his

interactions with the banking system in the Keating Five Scandal

There probably was no single greater influence on banking, leading to the ponzi housing scam than manifested in Gramm both by his actions and through the actions of his wife Phil Gramm led the repeal of Glass Steagall, and his wife worked to get

derivatives disconnected with gambling legal issues and the mandate that they be traded

When Brooksley Born attempted to overturn the exemption of derivatives, three other partners in Gramm's criminality voted to stop her They were Robert Rubin, Alan Greenspan, and Arthur Levitt Had she succeeded there would have been no massive securitization of mortgages by the investment banks

Once swaps were viewed as being insurance of a sort that could be written away from a regulated exchange, the opening was created for Gramm to fuse insurance,

commercial banking and the securitization of mortgages through investment banking All these were separated in the Great Depression to protect the banking system from abuse Gramm rolled away those protections and we got abuse, and a giant and hurtful ponzi housing bubble

Wendy Gramm may have been rewarded for her role in allowing swaps to run wild

by being named to the Enron board of directors

Phil Gramm Exposed Here for Lies on Bloomberg Debates

Phil Gramm was featured on a Bloomberg Think Twice Intelligence Squared debate, fooling the supposedly intelligent audience with his loud-mouthed swagger and

arrogance He was coupled with Art (trickle down) Laffer versus Nouriel Roubini and Laura Tyson It turns out that through pure BS, Gramm/Laffer were able to sway the audience But it was really the failure of Roubini and Tyson to counter one of Gramm's lies that led to their defeat

In the debate, Phil Gramm said that the subprime loan debacle was the fault of the CRA and that it was a government caused bubble What Roubini and Tyson should have countered was that the CRA and resulting subprime abuse was a small portion (20%) of the total subprime and no portion of the Alt-A prime mortgage meltdown However, they remained silent Indeed, I have argued that point showing that the shadow banks and the BIS, with the help of Gramm and Clinton, were more responsible for the ponzi housing bubble than the CRA

Bear in mind that Phil Gramm left politics to get a sweet job with UBS, a major investment bank that profited from both ponzi housing and bailouts He also would have been McCain's treasury secretary but became unpopular for calling the American people

a nation of whiners He tried to change the story to refer to American leaders, but that isn't what he said Besides, the crash came just months after the statements! Phil Gramm

is a borderline patriot, barely a patriot He caused this bubble and crash and calls

mainstreet a bunch of whiners!

Moreover, Fox News among other media blames poor people for the housing

meltdown instead of the scheming, scamming big banks

A Look at Gramm's Crony Deceiver John McCain

John McCain as a member of the Keating Five intervened and attempted to interfere with regulators in an unseemly way This certainly gave McCain a bad taste regarding regulators I am sure that was motive for Gramm, his buddy, to circumvent regulators, making massive profits for politicians Three years after the approval of deregulation of the Savings and Loans, the regulator, the Chairman of the Federal Home Loan Bank

Board, wanted the reckless loans limited A familiar name, Alan Greenspan, was against this careful approach In addition, Greenspan was not the only one.

Charles Keating, of Lincoln Savings and Loan in California, ignored the new

regulations McCain's meetings, along with other senators, the Keating Five, kept Lincoln alive for two more years When the bank failed, mostly seniors lost their life savings I guess for Keating it paid off to have McCain as a close friend, vacationing with him This lure of money corrupted McCain and was to corrupt McCain's friend, Gramm The credit crisis of 2007 was a repeat pattern of fraud and deceit seen in the S & L crisis

We must understand, in looking at McCain, that he was not convicted of anything Neither has Phil Gramm been convicted to date However, McCain clearly abused his power in a moral sense and exacted pain upon mainstreet The same thinking permeated Phil Gramm's thought McCain was on board to deregulate the Savings and Loans, and the easy mortgages that resulted destroyed the industry That did not stop these two evil twins from supporting the repeal of Glass-Steagall, causing even more ponzi loans and an even greater crash These two mischief creators, McCain and Gramm, are simply

predators upon the nation When will we learn to hold these agents of international

allegiances culpable?

* * * *

Ted Nugent versus Roseanne Barr on the Economy

And the Winner Is: Roseanne Barr!

Before you get your panties in a wad for my declaration of Roseanne Barr over Ted Nugent, hear me out This battle on CNN on Anderson Cooper's show gets to the root problem of understanding the financial issue Until we understand this, we cannot focus

on how to fix it If we do not fix it, we will have bubbles and bust, and people greedily chasing after wealth in dangerous ways that could adversely affect their futures

Therefore, the issue has to do with assigning blame for the ponzi housing crisis and bailouts and the like

I have explored these issues before but need to do so in the context of these

celebrities and how they view the world based upon the sources that they use And this is the crucial thing, not all sources are telling the complete truth Some are telling a part of the truth and are adding some lies if it gets their sponsors an advantage in the political arena We cannot just look at mainstream media and expect lessons, although I heard more truth about this crisis on Cooper than I have for years on any mainstream media organization

Let's Determine the Winner of Nugent Versus Barr by Subject

Issue 1: The issue is, what is the Tea Party and who do they represent? Ted Nugent says that the Tea Party is made up of hard working blue-collar workers, but Roseanne Barr says that the Tea Party is a rich club Nugent says that the Tea Party are hard

workers who want to keep what they make and do not like the welfare state Barr says that the Tea Party is controlled by the Koch Brothers and is for the rich and she supports

a safety net for the unemployed and less fortunate

Issue 2: The second issue is regarding who is at fault for the economic meltdown

and bailouts Nugent says that the government is responsible Moreover, Barr says that the wealthy bankers and financial people are responsible

Issue 3: The third issue is regarding Sarah Palin Nugent says that Palin is a

maverick Barr says that she tells the rich what they want to hear and then fools people into thinking she is a maverick

Ok, So Let's Discuss Issue 1:

The Merits of Who and What the Tea Party Represents

Issue1: Ted Nugent is not quite telling the whole story Yes, there are some small

businesspersons involved in the Tea Party movement But we are speaking now of the rank and file At the very top of the movement, there are other powers Indeed, the Koch Brothers are involved, and they are elite businesspersons who are for fewer taxes on the rich because they have an abnormal fear of communism In addition, Glenn Beck speaks

the John Birch Society line with Tea Party people, because the father of the Koch

Brothers was a cofounder of the John Birch Society In this role, Beck lies, because, while he is correct about financial world order, he is wrong about focusing on

government as the main problem I am not saying that government cannot be a problem,

it already is However, it is not the main problem

Indeed, it is a subtle fallacy that Beck is spouting But it is an important fallacy As Roseanne Barr has said, if you limit government who will watch the rich people I have made the argument that if you leave government weakened, you will have no referees in the game Already, Paul Volcker is leaving the Obama administration because you can't

be pro Wall Street without wanting new economic bubbles You can't be a Wall Street lackey without continuing the commitment to taxpayer bailout, and in the case of the Volcker Rule, gutting the power to stop bank leverage Massive bank leverage is what allowed betting for and against the housing bonds with the derivative bets We could have another economic meltdown if you don't stop massive bank leverage and betting

So, Barr is right, because the John Birchers and Beck said that there was a communist under every rock But Ron Paul, who both Barr and Nugent apparently like, has said that corporatism, not communism, is the issue that is most dangerous to mainstreet today Moreover, Paul said in August 2010, that Beck and Palin were taking the Tea Party for a ride Are you listening Nugent? No, you are not, and that is why you lose issue 1

Let's discuss Issue 2:

The Merits of Who Is Most Responsible for the Housing Crisis and Economic Meltdown

Issue 2: I have discussed before how the bankers are responsible for the economic

meltdown Essentially, I have argued that the central banks, including the private Federal Reserve Bank, owe allegiance to a new financial order, and not to sovereign nations or their citizens This caused the Federal Reserve Bank to allow low interest rates for long periods of time, and caused that bank to look the other way when the shadow banks offered, bought, packaged and sold really bad mortgages as AAA bonds No underwriting was needed and the price of houses pushed up because of the red-hot market created by

the easy money The borrowers were mostly sitting ducks, not even knowing that there could be a massive bubble in the price of homes, which had behaved well for decades.Therefore, when Barr says that the rich took advantage of the rest of us she is right Specifically, the central banks through a meeting at Basel 2 in 1998 permitted off balance sheet banking, i.e., the power of the biggest banks to hide bad loans from investors Nugent and the Tea Party leadership don't take that action or the subsequent action to repeal Glass-Steagall seriously Maybe it is above their level of reasoning, or more likely

it is above what Faux News wants to tell them The repeal of Glass-Steagall allowed the bad loans to be sent from commercial banks to Lehman, and Goldman and Bear Stearns, and then apparently the banks traded the contracts back and forth and made bets on them

in the form of derivative swaps, all leveraged But the Tea Party leaders want these banksters to have even more power That is really an attack on mainstreet in every way Nugent wants to deflect blame off these bankers who should be ashamed of their easy money loans and subsequent crash that the insiders knew had to happen Nugent is wrong

on issue 2

Let's Discuss Issue 3:

The Merits of Sarah Palin as a Maverick

Issue 3: Sarah Palin is no Maverick I do not see Sarah Palin calling for the

prosecutions of the banksters who bought our government In the S and L crisis, which was smaller than this ponzi housing bubble and crash there were many prosecutions But those guys weren't big enough If the crime is big enough, as Voltaire once said, no one gets prosecuted Palin does act like a Maverick going out and camping in Alaska, but she

is like the Tea Party new congressional representatives, who are accepting money hand over foot as the Max Keiser video exposes I do not agree with everything this video says

I don't agree with Max Keiser on everything However, he is closer to the truth of finance abuse by the central banks and big banks than the Tea Party is

As far as Palin's independence and self-reliance is concerned, it appeals to Ted Nugent who cannot see that it is an act Nugent needs to realize that even in the colonies, where the forefathers showed independence, there was help for the poor Palin wanted

unemployment stopped She does not want to help the poor The states helped the poor in the colonies And in the colonies, there was incredible opportunity for each family to have a farm The state of Massachusetts gave these families farms But as more people were born it was more difficult to have the rural freedom that Jefferson idealized So things have changed We have massive cities We have financial burglars robbing from the taxpayer and stealing houses without even owning the note in Foreclosuregate The Tea Party did not protest any of this Wall Street greed and theft and neither does Sarah Palin.

Nugent loses because he has projected a false ideal onto Sarah Palin who is just enriching herself by claiming to care for the Tea Party people Why not just do what Ron Paul wants and lower defense spending Palin is more pro war and neoconservative than she is Tea Party Then, the Tea Party started out with the flawed thinking that buyers of houses in the bubble were losers who made a bet and lost Santelli's rant in February of

2009 that motivated the Tea Party based upon a false idea that borrowers are losers and Nugent and his crowd are winners Nugent if you want to divide America remember you are the one doing this and your version of the Tea Party is doing this You lose, Ted Moreover, do not be fooled Ted Nugent Even Christ believed that the state had no business interfering in religion when He said that his kingdom was not of this world Palin's and Beck's view that having a Christian nation is somehow biblical is just plain wrong I just hope that we do not get totalitarianism established by people who pervert religious doctrine, who try to fuse church and state, who try to fuse finance and state, and who try totally to take over the state in the name of big finance The subtle use of half-truths is all we are hearing from Ted Nugent, Sarah Palin and Tea Party leadership The exclusive club of achievers is not my idea of how a democracy should work

* * * *

Some Thoughts on Beck, Soros, Palin, And the New Financial Order

The New World Order is a financial order, a financial one-world government, which

is supported by mainstream Republicans and Democrats

It is a world order that is not a political order but is rather an economic order

However, there are some flaws and dangers regarding this NWO

First of all, as I have said many times on this hub, the new economic order attacked mainstreet with Ponzi loans and robbed us

However I have said many times that our only means of fighting the new financial order is through peaceful rejection of their bad loans and bad products that have the effect

of legally stealing through high interest

Easy money loans start out great but end badly with interest too great to bear

Mainstreet citizens everywhere must resist these loans

I oppose the violence that Byron Williams had begun after listening to Glenn Beck's one sided view of the NWO Beck makes it a Democratic issue when both parties are involved, with Kissinger, Soros, the Clintons, H W Bush and others who have called for this financial order for decades The Rockefellers and others in private industry have spoken out for a new financial order

Nevertheless, I do not trust Glenn Beck Beck should be telling people how to resist this order peacefully but he usually just speaks and lets the chips fall where they may He

is using the issue that has some truth to it for his ends, to rile people up One of these people, Byron Williams, decided to use violence to start a revolution after listening to Beck and others

Certainly, with the issues surrounding the shootings in Arizona, people need to do what I have always said, make clear what the issues are and then resist peacefully And with Palin talking about targets and all that, and acting like a bully, there is a good reason that people say Palin's rhetoric could have incited the unstable soul in Arizona to over the top behavior There is no proof but we have Byron Williams as an example of what people can do based on media This is something to think about Apparently, Williams had determined to kill ACLU members and members of the Tide Foundation He said he got the inspiration to kill people from listening to Beck in a series of interviews published

on the website Media Matters Williams had opened fire upon California Highway

Patrolmen!

I have always viewed the Republicans as the worse of two very evil parties, not willing to protect the US against USURY and other financial crimes Both parties are

terrible in selling out to big finance, but the Republicans have that penchant for language that bullies and for war that makes them even more unacceptable.

Both parties stimulate, but they do it differently Had the US clawed back ill gotten gains from Wall Street, as well as bypassed the big banks in favor of state banks, we would have had at least a chance at a sound recovery based upon sound underwriting and more judicious use of credit Now the big banks do not lend but we keep bailing them out with easy money from the Fed

With regard to Glenn Beck, his talking points are the talking points of the John Birch Society, which I reject The Birch Society has influenced the Tea Party in a very bad way It is elitist, and it views the corporatism of the NWO as being communistic It is not communistic when the corporations control the government Communism is the

permanent control of corporations by government That is not what we have The

Birchers want a new cold war and that is absurd

The father of the Koch Brothers, who influence Beck, was a cofounder of the John Birch Society These are political opportunists and liars I repeat it is a lie to label corporatism, as Ron Paul puts it, as being communism Ron Paul has stated in 2010 that Beck and Palin would take the Tea Party for a ride Now you know what he really thinks

of them

I respect Paul's peaceful and thoughtful approach towards resisting the new financial order and his understanding that this new order is not communistic Paul Volcker was asked to leave the Obama team because the Republicans won the election The only sane man on the Obama team is now gone all because the Republicans want to blow another ponzi somewhere and give the big banks license to do so

* * * * *

Who Really Caused The 2008 Money Market Meltdown?

First, I have wrestled with this question of the money market run in September 2008 for years and I am curious who would have motive for the run on the money markets I

have gone to Mish and others with the scenario trying to pick brains, and gotten little information Update: Mish has said that if anyone is to blame it is Bernanke.

Here is one thing I am convinced of, the Chinese had no motive to destroy the United States The United States is too important to China, both as an investment vehicle and as

a buyer for goods produced there

I have a couple of thoughts regarding the meltdown First, I think it was likely

wealthy bankers from the West who raided the money markets I don't mean the banks themselves, but investors who move a lot of capital could have done this Even if Glenn Beck is right, saying it could be China, it would not have been an effort to destroy the United States in my view I am certain that China was worried about high priced oil and high priced housing in the US, which was going to crash China expressed a worry that the bonds she invested in would keep their value, after the crash of the housing bubble

If we look at the crash of Japan because of Basel 1, we see it was because Basel forced high reserve requirements upon the Japanese banks in an effort to rein in the bubble So it seems logical that Basel 2, by 2007, would have tried to rectify the problem

of easy money and off balance sheet banking that the accord allowed in 1998 It seems to

me that to say this was a foreign act is a diversion from the truth At least the conclusion that others were trying to take the US down, when we know our own Federal Reserve looked the other way as Ponzi lending took over, is a diversion I cannot accept

It is consistent of Beck to defend the corporations of America However, there is truly little real justified defense of the banks, which used easy money lending to make profits before the house of cards collapsed If our military, which implicated China in the money market run, is trying to establish a false set of facts or conclusions, we are

defenseless as a people The Ponzi machine will be reestablished with the Bernanke backstop, as soon as the powers that be can figure out how to get from the MERS fiasco

to interest only lending again Almost everything that the power of finance plans looks like a financial attack upon mainstreet to me

At some point, the military will not have to worry about the outside influences

impacting our housing bubbles, as Americans will simply reject the easy money predators once and for all We can at least hope for this outcome, but we will have to see

* * * * *

Wells Fargo Bank Leads Securitization Attack

on Unsuspecting Taxpayers

Wells Fargo bank wants the government to guarantee all mortgages and has

threatened to make the 30-year mortgage obsolete if the bank doesn't get what it wants, according to an article from the New York Times

I have been writing about this subject of securitization and Basel 3 numerous times, but this new assault is the first public practical application of Basel 3 that I have heard of You can forget about taxpayer rights if loan guarantees permanently baked in to US law This is the epitome of taxation without representation for our times!

Essentially, the US has four choices with regard to securitization:

1 Do away with securitization and do away with the 30-year mortgage.

2 Allow securitization for prime mortgages only.

3 Allow securitization and ban all securitization of interest only mortgages.

4 Do what Wells Fargo wants and allow every mortgage to securitized, with a

government guarantee

As you can see these are quite diverse solutions So what will happen to mortgages

in the future based upon these four outcomes?

1 If we do away with securitization, we will see a massive drop in house prices, but

only if the 30 year mortgage goes away We have the banker threat that it would go away but no proof

2 If we allow securitization of prime mortgages only, the bubble blown will be

smaller, because there are fewer people qualifying There could be a bubble, but it would likely be because too many prime mortgages become interest only

3 If we allow securitization but ban interest only mortgages, then we will have more

investment stability, and we may not need to guarantee any mortgages At any rate, the likelihood of a bubble would decrease because you could not go to pay option arms and other toxic loans and prices would self correct

4 Wells Fargo's idea of securitizing all mortgages with a government guarantee is

the very worst outcome Nevertheless, most Democrats and Republicans want this

because it starts up another housing frenzy This allows for kicking the can down the road and will create a massive moral hazard It would be better to have no securitization than

to have this outcome This outcome gives banks the incentive to write terrible mortgages, and then rely on government bailouts if they go sour This is madness and another attack

on the stability of housing prices and is a massive assault upon the taxpayer

Keep track, people, of where this is going, but be advised that it is risky to even get a mortgage right now If the time comes when your neighbor cannot get a mortgage, your house price will drop like a rock!

It is my view that Wells Fargo will get their way, as it is the Basel 3 plan, and the US taxpayer will be on the hook for any losses in mortgages This will give banks a chance to offer easy money loans again, and generate lots of fees and all the rest that goes with trying to push up another bubble Without a crystal ball, I guess we will have to observe the outcome

This behavior by Wells Fargo is just proof that the banks have been out to get us in collusion with the central banks since Basel 2 in 1998 Basel 2 allowed off balance sheet banking and I have written extensively about it, and now the multinational banks want to permanently cement the taxpayer to their lending schemes This is so anti American Never have the banks behaved like this towards mainstreet to the degree that they have done as with this Ponzi housing scam that they apparently want to continue indefinitely There have been bubbles before, but not against mainstreet on this magnitude

Yet this is the new financial order that we face, which breaks down the sovereignty

of nations to steal from their citizens I have been warning people this is coming for some time, and this proves that the banks were culpable in the first housing ponzi and

meltdown, because they got massive bailouts for loans gone sour They just want to codify this safety net from hell

* * * * *

IMF Wants Implicit Guarantees for Loans, Just Like Wells Fargo

The IMF Is Talking Just like Wells Fargo Did Stop These People!

The IMF has come out for implicit guarantees of mortgages, no matter whether Fannie or Freddie is privatized I have always argued that the international bank is a diabolical organization, a wing of the international bankster cartel made up of the IMF, the World Bank and the Bank of International Settlements (BIS) Now the true colors of the IMF are showing and taxpayers in the United States need to run for cover The IMF wants the now defunct securitization market to revive

The IMF wants privatization of Fannie and Freddie, with implicit guarantees from the taxpayer or a public Fannie and Freddie with explicit guarantees from the taxpayer

As Wells Fargo has threatened, this revival of securitization through private TBTF banks taking some of Fannie and Freddie business is impossible without implicit guarantees of all loans, not just subprime loans Wells claims that investors will not buy the bonds.This results in a massive moral hazard with regard to taxpayer liability Taxpayers should not have to incur these risks That is what banks are for! If they would write mortgages that are properly underwritten, investors should not fear I think that by

seeking guarantees, the banksters want to abdicate responsibility for writing good

mortgages They would rather jumpstart a bubble in real estate once again!

Note the world banking cartel wants either implicit or explicit guarantees of all mortgages As it is at the time of this article, Fannie and Freddie are guaranteeing 9 out of

10 mortgages written, and the banksters want to keep some required guarantee in place even if Fannie and Freddie are wound down, so that Joe Taxpayer can remain on the hook

The reason the IMF is so anxious to get the securitization market and easy money flowing again into mortgages is that household formation has dropped in the United States from 1.1 million at the peak to 600,000 for 2008 through 2010 The IMF obviously hates the new frugality and has so tipped it's monstrous hand America needs frugality and needs to repair the balance sheets of each family hurt by the preplanned housing ponzi America is tired of being manipulated by the international bankster cartel to pad the cartel's wallets!

Congress apparently is concerned that the India/China boom, being fueled by credit from the TBTF banks, will end badly Therefore, the international banksters have called